DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of condensed results of operations for the hotel properties included in discontinued operations

Condensed results of operations for the hotel properties included in discontinued operations follow (in thousands):

	Second Quarter						First Six Months
	2013			2012			2013			2012

REVENUE	$	1,972		$	5,436		$	4,776		$	9,814

Hotel operating expenses	1,541			3,950			3,844			7,623
Depreciation and amortization	33			467			367			1,392
Loss on impairment of assets	—			1,166			1,500			2,098

Income (loss) from hotel operations	398			(147		)	(935		)	(1,299		)
Interest expense	27			121			109			451
(Gain) loss on disposal of assets	(26		)	—			(1,660		)	—

Income (loss) before taxes	397			(268		)	616			(1,750		)

Income tax (expense) benefit	(12		)	74			(54		)	210

Income (loss) from discontinued operations	$	385		$	(194	)	$	562		$	(1,540	)

Income (loss) from discontinued operations attributable to noncontrolling interest	$	17		$	(28	)	$	26		$	(392	)

Income (loss) from discontinued operations attributable to common stockholders	$	368		$	(166	)	$	536		$	(1,148	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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